Nuar M
http://nuarmohd.blogspot.com/
Monday, September 29, 2008

Here's an interesting extract from my local newspaper. On how to be a millionaire, if you wish to be one.

"SABAK BERNAM (Bernama) - Currently, Maskiah Md Yunos is probably the busiest woman in Sungai Besar.

She is preparing Raya cookies. But, that's the norm in Muslim households, in view of the coming Aidilfitri...so, what's the big deal, you might say.
It would be the big order that Maskiah has taken for the festive season for a staggering 6,500,000 (SIX MILLION AND FIVE HUNDRED THOUSAND) cookies!
"This year alone, I have to prepare at least 100,000 packets of cookies with each pack containing between 70 and 80 cookies for distribution to our dealers nationwide." the 46-year-old teacher-cum-entrepreneur told Bernama. With 150 temporary workers comprising women and students, Maskiah said they would begin making the cookies from morning till sunset.
"


Here goes my calculation:
Assuming:
Wages at $500 for the 3 months = 500 x 150
= $75,000

Raw materials = $10,000
Therefore, total cost = $85,000 (assuming)

Total Sales at RM$10 per packet= 10 X 100,000 (number of packets)
= RM$1,000,000

Total Profit = RM$1,000,000 - RM$85,000
= RM$915,000

If you divide that amount by 12, she's expected to be earning RM$76,250 monthly. Only working once a year by baking biscuits, she earns $76k monthly. How easy is that, and a bonus is that she's been doing the same amount for the past seven years.

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Al-Fatihah
A loving and caring friend who will be greatly missed. Dk Hjh Raihana Hazwani bte Pg Hj Md Kassim.
28th April 1987 - 17th September 2009 (27 Ramadhan 1430H).
Class of BA Hons (Economics) 2007-2011, Universiti Brunei Darussalam.







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